Calcaterra Corporation signed a 24 month lease agreement for a new office space on September 30, 2021, when it paid $48,000 for a 24-month lease term beginning October 1, 2021. The book keeper recorded the following journal entry on September 30, 2021: DR rent expense 48,000 CR Cash 48,000 Required: Assume the accounting period ends on December 31, 2021. Determine whether an adjusting entry is required on 12.01.2021 in relation with the transaction above. Fill in the drop-down spaces below to record the correct entry (use 'None' if no entry is necessary). Answer: We would have to DEBIT and CREDIT at amount of